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VOL. 126 | NO. 15 | Monday, January 24, 2011

First Horizon’s Q4 Loss Related to TARP Payment

First Tennessee Bank’s parent company swung to a loss in the fourth quarter, a reversal the company attributed to its exit from the federal government’s emergency bank industry rescue program established in 2008.

Medical Impact

MERI moves to forefront for medical training

The Medical Education & Research Institute has evolved into one of the elite medical training facilities in the country. The center’s list of faculty and students reads like a “Who’s Who” of medicine from all over the world.

UTHSC Program Allows Actors to ‘Contribute to Science’

Ruth Johnson didn’t know exactly what she was getting herself into when she heard that the University of Tennessee Health Science Center in Memphis was looking for actors to portray patients.

Stern Cardiovascular’s McGrew at Forefront of Research

Longtime Memphis cardiologist Dr. Frank McGrew with the Stern Cardiovascular Center remains at the forefront of clinical cardiology research.

Memphis-Based Remote Prescription Service Aids Small Hospitals

Challenged by size, location and a national shortage of pharmacists, many rural hospitals often find themselves unable to administer new prescriptions to patients overnight, when their internal pharmacies shut down.

Public Notice Week Commences Monday

The Tennessee Press Association is campaigning to keep public records listings in print newspapers like The Daily News and sister publication The Memphis News.

Commisson to Consider Electrolux Incentives

Shelby County commissioners vote Monday on delivering $22 million in county incentives for the Electrolux plant and on a new economic development entity to improve on the system for luring companies like Electrolux to the city.

How to Avoid Dreaded ‘Going Out of Business’

As we saw in last week’s column, staying in business happens less often than going out of business. A business going out is one of the saddest things there is and among the most destructive. What can you do to help prevent this? Here are, in my mind, are 11 absolutes:

Giving Through Scholarships

Last week we talked about the Memphis Child Advocacy Center and ways you can partner with them to help children who have been abused. This week let us look at how we can help shape our community and future leaders through scholarships.

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet Monday at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

THE MEMPHIS NEWS

Closing the Sale

It started with a phone call.

Stars Aligning for City’s Economic Development

Any good economic development plan is forged by hard work, but a little luck and some good timing don’t hurt, either.

Young Artists in Spotlight at Dixon

The next generation of Memphis artists will have a chance to express themselves in a youth-filled exhibition that has opened at the Dixon Gallery and Gardens.

Condy Gives the Inside Dish on a Wine Manager’s Methods

John Condy’s interest in food and wine was piqued years ago when he worked at Captain Bilbo’s, once a mainstay of Downtown dining and dancing but long gone. Readers who remember Bilbo’s will understand that it’s a far cry from that rowdy purveyor of seafood on Wagner Place to the elegance and creativity of Erling Jensen: The Restaurant in East Memphis, yet that’s where Condy, 45, presides as wine manager.

Intriguing Cocktail Blends Flavors From Around World

Normally, if someone offered me a Champagne cocktail, I would turn aside and quietly go my way. Why waste a good dose of fine bubbly when it would be just as easy to sip a chaste, bracing Martini?

REGIONAL

Miss. Senate OKs its Version of Payday Lending Bill

JACKSON, Miss. (AP) — The Mississippi Senate approved a bill Friday that would let payday lenders continue operating and reduce consumers' rates.

NATIONAL BUSINESS

SunTrust Shares Gain on Strong 4Q Results

NEW YORK (AP) – Shares of SunTrust Banks Inc. advanced Friday after the Southern regional bank handily beat Wall Street expectations with its second consecutive quarterly profit.

BofA Reports Loss of $1.6 Billion in 4Q

NEW YORK (AP) – Bank of America Corp. reported a loss of $1.6 billion Friday after its costs related to soured home loans increased.

Unions See Sharp Membership Declines Again

WASHINGTON (AP) – The nation's labor unions saw another steep decline in membership last year, even as the economy showed signs of recovery and job losses slowed.

NATIONAL POLITICS

Obama Seeks to Highlight Nation's Econ Potential

SCHENECTADY, N.Y. (AP) – President Barack Obama says "putting the economy into overdrive" is a top priority, even as a new poll showed the public giving him poor marks in this area.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 20 60 2,598
BUILDING PERMITS 192 562 24,086
BANKRUPTCIES 75 227 9,760
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 15 68 3,131

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